( saw a significant drop in short-term interest during the month of July. On June 30, there were 23,800 short shares. This is a 37.9% drop from June 15th's total of 38 300 shares. The short-interest rate is currently 0.4 days based on a trading volume average of 61,000 shares. At the moment, only 0.1% of shares are shorted.
Analysts set new price targets
BMO Capital Markets also began covering Osisko Development on Monday, 17th April, in a separate report. The price of the stock fell $0.15 at midday on Friday to $4.45. The company's average trading volume is 33,659. Osisko Development's 1-year low is $3.84, and its 1-year high is $7.67. The company has a 50-day moving average of $3.84 and a 200-day moving average $4.78. The company's market capitalization is $371.82 millions, with a PE of -2.32. Its beta is 1.02.
The company announced its last earnings report on Tuesday, 9th May. The company reported ($0.22) per share (EPS). Revenue for the quarter was $2.55 Million. Analysts expect Osisko Development to post 0.26 earnings for the current fiscal year.
Inflows of Institutional Capital and Outflows
A number of institutional shareholders have recently changed their holdings in ODV. JPMorgan Chase & Co. purchased a new Osisko Development position during the second quarter, worth approximately $40,000. Jane Street Group LLC purchased a new position of approximately $119,000.00 in Osisko Development shares during the 2nd quarter. Royal Bank of Canada increased its holdings in Osisko Development shares by 112,4% during the third-quarter. Royal Bank of Canada owns 423.066 shares of Osisko Development's stock, valued at $1.925,000, after buying an additional 223,867 during the last quarter. Zazove Associates LLC purchased a new stake of approximately $946,000.00 in Osisko Development during the fourth quarter. Advisor Group Holdings Inc. increased its stake in Osisko Development in the fourth quarter by 2,497.2%. Advisor Group Holdings Inc. owns 12,804 of the company stock, worth $55,000. This is after buying an additional 12,311 during the last quarter. 10.49% of company stock is owned by institutional investors.
Get Free Report
Osisko Development Corp. is a gold-development company that engages in the exploration and development of precious metals resources in North America. Cariboo Gold Project, a 155,089-hectare project with 415 mineral rights in British Columbia, Canada, is the company's main asset.
MarketBeat.com offers a FREE daily email newsletter